SEC Form 4 · accession 0000899243-18-007670
EMPIRE RESORTS INC · NYNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan M Eller
Officer — President and CEO · Director
Period of report
Mar 13, 2018
Accepted (ET)
Mar 15, 2018 · 9:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value per shareF1 | Mar 13, 2018 | A | 20,000 | $0.00 | A | 40,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Eller was granted 20,000 restricted stock units ("RSUs") under the Empire Resorts, Inc. 2015 Equity Incentive Plan, as amended (the "Plan"), which RSUs vest annually in three equal installments, with one third vesting on March 13, 2019, one third vesting on March 13, 2020 and the remaining third vesting on March 13, 2021; provided that the RSUs shall vest immediately: (i) upon a Change in Control, (ii) if Mr. Eller is terminated as Chief Executive Officer for any reason other than for Cause, or (iii) if Mr. Eller is removed from the Board of Directors by the shareholders other than for cause or he is not re-nominated by Kien Huat Realty III Limited to stand for election to the Board of Directors. All capitalized but undefined terms have the meanings ascribed thereto by the Plan.